SCHH vs. VNQI
SCHH (Schwab US REIT ETF) and VNQI (Vanguard Global ex-U.S. Real Estate ETF) are both REIT funds - SCHH tracks the Dow Jones Equity All REIT Capped Index while VNQI tracks the S&P Global ex-U.S. Property Index. Both are passively managed. Over the past 10 years, SCHH returned 4.29%/yr vs 2.59%/yr for VNQI. A 0.58 correlation means they provide meaningful diversification when combined. SCHH charges 0.07%/yr vs 0.12%/yr for VNQI.
Performance
SCHH vs. VNQI - Performance Comparison
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Returns By Period
In the year-to-date period, SCHH achieves a 15.41% return, which is significantly higher than VNQI's -3.45% return. Over the past 10 years, SCHH has outperformed VNQI with an annualized return of 4.29%, while VNQI has yielded a comparatively lower 2.59% annualized return.
SCHH
- 1D
- 1.31%
- 1M
- 1.22%
- YTD
- 15.41%
- 6M
- 16.02%
- 1Y
- 14.47%
- 3Y*
- 12.09%
- 5Y*
- 3.68%
- 10Y*
- 4.29%
VNQI
- 1D
- -0.96%
- 1M
- -2.96%
- YTD
- -3.45%
- 6M
- -3.64%
- 1Y
- 2.19%
- 3Y*
- 8.69%
- 5Y*
- -1.70%
- 10Y*
- 2.59%
SCHH vs. VNQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 15.41% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | -3.45% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
Correlation
The correlation between SCHH and VNQI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.58 |
The correlation between SCHH and VNQI has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
SCHH vs. VNQI — Risk / Return Rank
SCHH
VNQI
SCHH vs. VNQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Vanguard Global ex-U.S. Real Estate ETF (VNQI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHH | VNQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.15 | +1.61 |
| Martin ratioReturn relative to average drawdown | 5.48 | 0.40 | +5.08 |
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Drawdowns
SCHH vs. VNQI - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, which is greater than VNQI's maximum drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for SCHH and VNQI.
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Drawdown Indicators
| SCHH | VNQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -38.35% | -5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -14.78% | +6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -16.35% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -34.92% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -38.35% | -5.87% |
Current DrawdownCurrent decline from peak | -0.79% | -12.81% | +12.02% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -10.89% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 5.48% | -2.83% |
Volatility
SCHH vs. VNQI - Volatility Comparison
Schwab US REIT ETF (SCHH) has a higher volatility of 5.37% compared to Vanguard Global ex-U.S. Real Estate ETF (VNQI) at 4.49%. This indicates that SCHH's price experiences larger fluctuations and is considered to be riskier than VNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHH | VNQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.49% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 11.91% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 13.81% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 15.55% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 15.95% | +5.07% |
SCHH vs. VNQI - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is lower than VNQI's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHH vs. VNQI - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.72%, less than VNQI's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 2.72% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.87% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
Frequently Asked Questions
SCHH and VNQI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHH has higher volatility (5.37%) compared to VNQI (4.49%). In terms of maximum drawdown, SCHH dropped -44.22% vs VNQI's -38.35%.
On 10-year performance, SCHH leads with 4.29% vs 2.59% for VNQI. On fees, SCHH is cheaper at 0.07% per year. On volatility, VNQI has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHH has performed better with a 4.29% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHH is cheaper with a 0.07% expense ratio, compared with 0.12% for VNQI.
VNQI has the higher dividend yield at 4.87%, compared with 2.72% for SCHH.
SCHH tracks Dow Jones Equity All REIT Capped Index, while VNQI tracks S&P Global ex-U.S. Property Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.07% for SCHH and 0.12% for VNQI.
SCHH currently has the higher Sharpe Ratio (1.05 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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